What does EMV and NFC mean?
EMV is the technology that allows merchants to take the new, safer chip cards. The chip on cards will be dipped in a terminal as opposed to swiping the magnetic stripe. Starting in October 2015, merchants without EMV enabled terminals will be liable for any fraudulent charges. NFC allows merchants to accept contactless payments from their customers’ mobile wallets on their smart phones or enabled cards. Sphere is committed to ensuring merchants are able to process secure payments. We offer an all-in-one solution to ensure compliance in payment acceptance.